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OECD to Costa Rica: No more excuses! No more time for the tax reform

July 5, 2018 by Staff News Writer

Álvaro Pereira, Acting Chief Economist of the OECD, gave some remarks on the fiscal situation in Costa Rica, demanding

No more excuses! There is no more time, it is very important to move forward with the fiscal issue.”

According to the representative,

if there is no swift progress in the tax reform there can be dramatic consequences for people, companies, and for Costa Rica.”

Pereira explained the OECD’s vision on the issue of taxation and economic stability before a group of legislators gathered on Thursday at the Blue Castle of the Legislative Assembly. The Minister of Finance, Rocío Aguilar, supported Pereira’s position and explained the need for the Assembly to be able to issue a definitive resolution on the subject soon.

On Monday, the Presidency of the Legislature must issue a resolution where it will decide which motions may be discussed in committee, with the aim of returning the project to the plenary -if possible- for September, although there are legislators who already speak of a delay for October.

Pereira agreed with all the measures proposed by the Treasury.

crhoy.com

Related articles:

  1. OECD: “In fiscal matters, Costa Rica is playing with fire”
  2. OECD considers fiscal deficit is Costa Rica’s main risk
  3. Minister of Finance: Delay in tax reform will have a higher cost
  4. President insists on approving the tax reform
  5. Costa Rica hasn’t submitted OECD’s report
  6. OECD highlights savings plan and suggests more taxes

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